BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
43.17 USD
-0.12 (-0.28%)
43.17 USD
0 (0%)
BSY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 281 industry peers in the Software industry. BSY has an excellent profitability rating, but there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BSY was profitable.
BSY had a positive operating cash flow in the past year.
In the past 5 years BSY has always been profitable.
BSY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BSY (7.77%) is better than 81.85% of its industry peers.
With an excellent Return On Equity value of 22.53%, BSY belongs to the best of the industry, outperforming 88.97% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.86%, BSY belongs to the top of the industry, outperforming 86.83% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 11.92%.
The last Return On Invested Capital (10.86%) for BSY is above the 3 year average (8.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
The Profit Margin of BSY (18.44%) is better than 81.49% of its industry peers.
In the last couple of years the Profit Margin of BSY has grown nicely.
BSY's Operating Margin of 24.23% is amongst the best of the industry. BSY outperforms 89.32% of its industry peers.
In the last couple of years the Operating Margin of BSY has grown nicely.
BSY has a better Gross Margin (81.20%) than 85.41% of its industry peers.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for BSY has been increased compared to 1 year ago.
The number of shares outstanding for BSY has been increased compared to 5 years ago.
Compared to 1 year ago, BSY has an improved debt to assets ratio.
2.2 Solvency
BSY has an Altman-Z score of 4.11. This indicates that BSY is financially healthy and has little risk of bankruptcy at the moment.
BSY's Altman-Z score of 4.11 is fine compared to the rest of the industry. BSY outperforms 67.97% of its industry peers.
The Debt to FCF ratio of BSY is 2.71, which is a good value as it means it would take BSY, 2.71 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BSY (2.71) is better than 65.48% of its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that BSY has dependencies on debt financing.
With a Debt to Equity ratio value of 1.04, BSY is not doing good in the industry: 75.80% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 4.11 |
ROIC/WACC1.03
WACC10.52%
2.3 Liquidity
A Current Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.61, BSY is doing worse than 88.97% of the companies in the same industry.
BSY has a Quick Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.61, BSY is not doing good in the industry: 88.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.49% over the past year.
BSY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.41% yearly.
BSY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.12%.
Measured over the past years, BSY shows a quite strong growth in Revenue. The Revenue has been growing by 12.93% on average per year.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
BSY is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.99% yearly.
BSY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.16% yearly.
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BSY is valuated quite expensively with a Price/Earnings ratio of 37.54.
The rest of the industry has a similar Price/Earnings ratio as BSY.
BSY's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.89.
The Price/Forward Earnings ratio is 31.80, which means the current valuation is very expensive for BSY.
The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
BSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.54 | ||
| Fwd PE | 31.8 |
4.2 Price Multiples
69.39% of the companies in the same industry are more expensive than BSY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BSY is valued a bit cheaper than 72.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.49 | ||
| EV/EBITDA | 33.86 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BSY has an outstanding profitability rating, which may justify a higher PE ratio.
BSY's earnings are expected to grow with 13.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.76
PEG (5Y)3.02
EPS Next 2Y12.64%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
BSY has a yearly dividend return of 0.65%, which is pretty low.
Compared to an average industry Dividend Yield of 41.08, BSY pays a better dividend. On top of this BSY pays more dividend than 89.32% of the companies listed in the same industry.
With a Dividend Yield of 0.65, BSY pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
30.41% of the earnings are spent on dividend by BSY. This is a low number and sustainable payout ratio.
DP30.41%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
43.17
-0.12 (-0.28%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change2.2%
Ins Owners40.36%
Ins Owner Change-1.99%
Market Cap13.11B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target60.38 (39.87%)
Short Float %6.7%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-0.31%
PT rev (3m)7.87%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.54 | ||
| Fwd PE | 31.8 | ||
| P/S | 8.98 | ||
| P/FCF | 28.49 | ||
| P/OCF | 27.39 | ||
| P/B | 10.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 33.86 |
EPS(TTM)1.15
EY2.66%
EPS(NY)1.36
Fwd EY3.14%
FCF(TTM)1.52
FCFY3.51%
OCF(TTM)1.58
OCFY3.65%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)2.76
PEG (5Y)3.02
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 4.11 |
F-Score8
WACC10.52%
ROIC/WACC1.03
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 6 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 9 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.62% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.41%.